80 FR 77633 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 240 (December 15, 2015)

Page Range		77633-77633
FR Document		2015-31491

Federal Register, Volume 80 Issue 240 (Tuesday, December 15, 2015)

[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Notices]
[Page 77633]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31491]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the notices must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than January 8, 2016.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001:
    1. New York Community Bancorp, Inc., Westbury, New York; to acquire 
100 percent of the voting shares of Astoria Financial Corporation, Lake 
Success, New York, and indirectly acquire Astoria Bank, Long Island 
City, New York, and thereby engage in extending credit and servicing 
loans, and in operating a savings association, pursuant to sections 
225.28 (b)(1) and (b)(4)(ii).

    Board of Governors of the Federal Reserve System, December 10, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-31491 Filed 12-14-15; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Notices 77633

Schedule A (Summary)—Revisions to (d) Ways to minimize the burden of pursuant to sections 225.28 (b)(1) and
Schedule A.2.b (Retail Repurchase) the collection on respondents, including (b)(4)(ii).
This schedule would be removed to through the use of automated collection Board of Governors of the Federal Reserve
reduce reporting burden, effective for techniques or other forms of information System, December 10, 2015.
the 2017 DFAST submission. technology; and Michael J. Lewandowski,
(e) Estimates of capital or start-up Associate Secretary of the Board.
Schedule A (Summary)—Deletion of costs and costs of operation,
Schedule A.2.c (ASC 310–30) [FR Doc. 2015–31491 Filed 12–14–15; 8:45 am]
maintenance, and purchase of services
BILLING CODE 6210–01–P
This schedule would be removed to to provide information.
reduce reporting burden, effective for Dated at Washington, DC, this 10th day of
the 2017 DFAST submission. December. FEDERAL RESERVE SYSTEM
Schedule A (Summary)—Revisions to Federal Deposit Insurance Corporation.
Schedule A.7.c (PPNR Metrics) Robert E. Feldman, Formations of, Acquisitions by, and
Executive Secretary. Mergers of Bank Holding Companies
In order to fully align the schedule
with the stress scenarios, the beta [FR Doc. 2015–31492 Filed 12–14–15; 8:45 am] The companies listed in this notice
information would be collected BILLING CODE 6714–01–P have applied to the Board for approval,
according to the scenario instead of the pursuant to the Bank Holding Company
current ‘‘normal environment’’ Act of 1956 (12 U.S.C. 1841 et seq.)
requirement, effective for the 2016 FEDERAL RESERVE SYSTEM (BHC Act), Regulation Y (12 CFR part
DFAST submission. 225), and all other applicable statutes
Notice of Proposals To Engage in or and regulations to become a bank
Counterparty Credit Risk Schedule To Acquire Companies Engaged in holding company and/or to acquire the
This schedule would be removed to Permissible Nonbanking Activities assets or the ownership of, control of, or
reduce reporting burden effective for the the power to vote shares of a bank or
2016 DFAST submission. Aggregate The companies listed in this notice
have given notice under section 4 of the bank holding company and all of the
counterparty credit risk information will banks and nonbanking companies
continue to be obtained through the Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12 owned by the bank holding company,
Summary Schedule (Schedule A). including the companies listed below.
CFR part 225) to engage de novo, or to
Burden Estimates The applications listed below, as well
acquire or control voting securities or
as other related filings required by the
The FDIC estimates the burden of this assets of a company, including the
Board, are available for immediate
collection as follows: companies listed below, that engages
inspection at the Federal Reserve Bank
either directly or through a subsidiary or
Current indicated. The applications will also be
other company, in a nonbanking activity
Number of Respondents: 4. available for inspection at the offices of
that is listed in § 225.28 of Regulation Y
Annual Burden per Respondent: the Board of Governors. Interested
(12 CFR 225.28) or that the Board has
1,040. persons may express their views in
determined by Order to be closely
Total Annual Burden: 4,160. writing on the standards enumerated in
related to banking and permissible for
the BHC Act (12 U.S.C. 1842(c)). If the
Proposed bank holding companies. Unless
proposal also involves the acquisition of
otherwise noted, these activities will be
Estimated Number of Respondents: 4. a nonbanking company, the review also
conducted throughout the United States.
Annual Burden per Respondent: includes whether the acquisition of the
Each notice is available for inspection
1,114. nonbanking company complies with the
Estimated Total Annual Burden: at the Federal Reserve Bank indicated.
standards in section 4 of the BHC Act
4,456 hours. The notice also will be available for
(12 U.S.C. 1843). Unless otherwise
The FDIC recognizes that the Board inspection at the offices of the Board of
noted, nonbanking activities will be
has estimated 71,709 hours for bank Governors. Interested persons may
conducted throughout the United States.
holding companies to prepare the express their views in writing on the
Unless otherwise noted, comments
Summary, Macro scenario, Operational question whether the proposal complies
regarding each of these applications
risk, Regulatory capital transitions, and with the standards of section 4 of the
must be received at the Reserve Bank
Regulatory capital instruments for the BHC Act.
indicated or the offices of the Board of
FR Y–14A. The FDIC believes that the Unless otherwise noted, comments
Governors not later than January 8,
systems covered institutions use to regarding the notices must be received
2016.
prepare the FR Y–14A reporting at the Reserve Bank indicated or the A. Federal Reserve Bank of Atlanta
templates will also be used to prepare offices of the Board of Governors not (Chapelle Davis, Assistant Vice
the reporting templates described in this later than January 8, 2016. President) 1000 Peachtree Street NE.,
notice. Comments continue to be invited A. Federal Reserve Bank of New York Atlanta, Georgia 30309:
on: (Ivan Hurwitz, Vice President) 33 1. CapStar Financial Holdings, Inc.,
(a) Whether the collection of Liberty Street, New York, New York Nashville, Tennessee; to become a bank
information is necessary for the proper 10045–0001: holding company by acquiring 100
1. New York Community Bancorp,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

performance of the functions of the percent of the voting shares of CapStar
FDIC, including whether the Inc., Westbury, New York; to acquire Bank, Nashville, Tennessee.
information has practical utility; 100 percent of the voting shares of
(b) The accuracy of the FDIC’s Astoria Financial Corporation, Lake Board of Governors of the Federal Reserve
Success, New York, and indirectly System, December 10, 2015.
estimate of the burden of the collection
of information; acquire Astoria Bank, Long Island City, Michael J. Lewandowski,
(c) Ways to enhance the quality, New York, and thereby engage in Associate Secretary of the Board.
utility, and clarity of the information to extending credit and servicing loans, [FR Doc. 2015–31490 Filed 12–14–15; 8:45 am]
be collected; and in operating a savings association, BILLING CODE 6210–01–P

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Document Created: 2018-03-02 09:15:25
Document Modified: 2018-03-02 09:15:25

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 77633